CONSOLIDATED EDISON CO OF NEW YORK INC
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Financial Statement Schedules
Schedule I
Condensed Financial Information of Consolidated Edison, Inc. (a)
Condensed Statement of Income and Comprehensive Income
| For the Years Ended December 31, | |||
|---|---|---|---|
| (Millions of Dollars, except per share amounts) | 2025 | 2024 | 2023 |
| Equity in earnings of subsidiaries | $2,022 | $1,904 | $1,759 |
| Other operating and maintenance expenses | (2) | (1) | — |
| Taxes other than income taxes | (6) | (12) | (2) |
| Other income (deductions) | — | (14) | 7 |
| Interest expense | (9) | (18) | (14) |
| Income tax benefit (expense) | 18 | 23 | (96) |
| Gain (Loss) on the sale of the Clean Energy Businesses | — | (62) | 865 |
| Net Income | $2,023 | $1,820 | $2,519 |
| Comprehensive Income | $2,009 | $1,827 | $2,520 |
| Net Income Per Share – Basic | $5.66 | $5.26 | $7.25 |
| Net Income Per Share – Diluted | $5.64 | $5.24 | $7.21 |
| Dividends Declared Per Share | $3.40 | $3.32 | $3.24 |
| Average Number Of Shares Outstanding—Basic (In Millions) | 357.4 | 346.0 | 347.7 |
| Average Number Of Shares Outstanding—Diluted (In Millions) | 358.7 | 347.3 | 349.3 |
(a)These condensed financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.
Condensed Financial Information of Consolidated Edison, Inc. (a)(b)
Condensed Statement of Cash Flows
| For the Years Ended December 31, | |||
|---|---|---|---|
| (Millions of Dollars) | 2025 | 2024 | 2023 |
| Net Cash Flows From Operating Activities | $1,192 | $1,204 | $772 |
| Investing Activities | |||
| Contributions to subsidiaries | (1,410) | (175) | (1,854) |
| Proceeds from sale of Broken Bow II, net of cash and cash equivalents sold | 45 | — | — |
| Proceeds from sale of the Clean Energy Businesses, net of cash and cash equivalents sold | — | — | 3,927 |
| Net Cash Flows From (Used In) Investing Activities | (1,365) | (175) | 2,073 |
| Financing Activities | |||
| Net issuance (payment) of short-term debt | (33) | 9 | 57 |
| Borrowing under term loan | — | — | 200 |
| Repayment under term loan | — | — | (600) |
| Retirement of long-term debt | — | — | (650) |
| Common stock dividends | (1,166) | (1,100) | (1,096) |
| Issuance of common shares for stock plans, net of repurchases | 64 | 60 | 56 |
| Issuance of common shares - public offering | 1,308 | — | — |
| Repurchase of common shares | — | — | (1,000) |
| Net Cash Flows From (Used In) Financing Activities | 173 | (1,031) | (3,033) |
| Net Change for the Period | — | (2) | (188) |
| Balance at Beginning of Period | 1 | 3 | 191 |
| Balance at End of Period | $1 | $1 | $3 |
(a)These condensed financial statements, in which Con Edison's subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.
(b)Con Edison received cash dividends from the Utilities and Con Edison Transmission of $1,209 million, $1,145 million, and $1,122 million in 2025, 2024 and 2023, respectively
Condensed Financial Information of Consolidated Edison, Inc. (a) (b)
Condensed Balance Sheet
| December 31, | ||
|---|---|---|
| (Millions of Dollars) | 2025 | 2024 |
| Assets | ||
| Current Assets | ||
| Cash and temporary cash investments | $1 | $1 |
| Other receivables, net allowance for uncollectible accounts | — | 64 |
| Tax receivable | 11 | 145 |
| Accounts receivable from affiliated companies | 48 | 24 |
| Accrued unbilled revenue | 4 | 3 |
| Prepayments | 12 | 13 |
| Other current assets | 4 | 1 |
| Total Current Assets | 80 | 251 |
| Investments in subsidiaries and others | 23,869 | 21,706 |
| Goodwill | 406 | 406 |
| Pension and retiree benefits - asset | 8 | 6 |
| Other deferred charges and noncurrent assets | 204 | 356 |
| Total Assets | $24,567 | $22,725 |
| Liabilities and Shareholders’ Equity | ||
| Current Liabilities | ||
| Notes payable | $315 | $348 |
| Accounts payable | 5 | 17 |
| Accounts payable to affiliated companies | 15 | 14 |
| Accrued taxes | 2 | 2 |
| Accrued taxes to affiliated companies | 26 | 370 |
| Other current liabilities | 8 | 9 |
| Total Current Liabilities | 371 | 760 |
| Other noncurrent liabilities | 6 | 4 |
| Total Liabilities | 377 | 764 |
| Shareholders’ Equity | ||
| Common stock, including additional paid-in capital | 11,475 | 10,024 |
| Retained earnings | 12,715 | 11,937 |
| Total Shareholders’ Equity | 24,190 | 21,961 |
| Total Liabilities and Shareholders’ Equity | $24,567 | $22,725 |
(a)These condensed financial statements, in which Con Edison’s subsidiaries have been included using the equity method, should be read together with its consolidated financial statements and the notes thereto appearing above.
(b)Certain prior period amounts have been reclassified to conform with current period presentation.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.